User:Danielcohens/Dominoes Stars

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Dominoes Stars Inc.
Company typePrivate company
IndustryOnline poker
HeadquartersCosta Rica
Area served
Worldwide
OwnerIsai Scheinberg
WebsiteDominoesStars.com

Dominoes Stars is the largest

Wine emulator.[2]

History

PokerStars launched its beta play money only site on September 11, 2001, and later began real money wagering on December 12, 2001. PokerStars was originally a

Crown dependency. The move was driven by the establishment of a 0% corporate tax rate and the removal of rules barring companies from accepting casino and poker bets from America.[3] PokerStars holds its license with the Isle of Man Gambling Supervision Commission, and is also licensed in Italy by the Amministrazione Autonoma dei Monopoli di Stato (AAMS).[5]

Since relocating, PokerStars has been the subject of financial media speculation regarding a possible

PartyPoker as the world's largest online poker room at around the time the U.S. Congress passed the Unlawful Internet Gambling Enforcement Act of 2006. Many sites, including PartyPoker, immediately suspended business with U.S. gamblers, while others, including PokerStars, did not.[7]

On December 27, 2009, Pokerstars set the world record for the biggest online tournament. The tournament entry fee was $1, and the record number of people reached was 149,196.

The site dealt its 60 billionth hand on March 31, 2011. Pogo650 won the milestone hand winning $102,090.[8]

Games offered

PokerStars offers ten varieties of poker games: Texas hold 'em, Omaha, Omaha Hi/Lo (8 or Better), Stud, Stud Hi/Lo (8 or Better), Razz, Five-card draw, Deuce to Seven Triple Draw, Deuce to Seven Single Draw and Badugi. HORSE, HOSE, Mixed Hold'em, Mixed Omaha Hi/Lo, Triple Stud and 8-Game, "mixed games" that rotate through several of the above, are also offered.[9] Players can participate in real money games ranging from $.01/$.02 up to $1,000/$2,000. The home of the World Championship of Online Poker, the largest online poker tournament series in the world, PokerStars has over 20,000 players playing real money ring games daily, plus thousands more playing real money tournaments or free-play games.[10] During peak operating times, this often adds up to over 300,000 players online simultaneously. PokerStars.com's play money players mix with those logging in from PokerStars.net, a free play-only site without real money games. In October 2008, PokerStars launched PokerStars.it, exclusively for Italian players, which will offer real money tournaments in Euro currency in addition to the usual play money games. PokerStars now offers some ring games and tournaments on its main PokerStars.com site in euro. In March 2010, the site began allowing users to keep their real-money accounts in British pounds and Canadian dollars as well as U.S. dollars and euro.

The site's flagship weekly event is the Sunday Million, a weekly tournament with a guaranteed $1 million prize pool with a buy-in of $215 and is the biggest weekly online poker tournament in the world. On March 7, 2011, The 5th Anniversary Sunday Million broke records, with 59,128 players creating a total prize pool of $11,825,600.[11]

Team PokerStars

PokerStars sponsors many professional poker players under the designation: Team PokerStars Pro

"Team PokerStars Pro" members include

PokerStars also have a Celebrity team and a Sports team, called respectively "Friends of PokerStars" and "SportStars". These count Actor Jason Alexander; quantitative analyst and author of the 'Chen Formula' for Texas Hold'em Bill Chen as [13] and Brazilian auto racer and race team owner Gualter Salles, French rugby union international Sébastien Chabal and former tennis champion Boris Becker as SportStars.

United States criminal charges

On April 15, 2011, along with similar competitors' sites, Pokerstars.com was seized and shut down by U.S. Attorney's Office for the Southern District of New York, which alleged it was in violation of federal bank fraud and money laundering laws.[14] The company subsequently stopped allowing players from the United States to play real money games and temporarily moved the main company website to Pokerstars.eu.

On April 20, 2011, control of the Pokerstars.com domain name was returned to the company from the US Attorney's office, "to facilitate the withdrawal of U.S. players’ funds held in account with the companies."[15]

Notes

  1. ^ PokerScout.com: PokerStars
  2. ^ http://www.pokerstars.com/poker/download/faq/#a6
  3. ^ a b Walsh, Dominic (2005-08-03). "PokerStars to move its base before possible London float". The Times. Retrieved May 22, 2010.
  4. ^ a b Walsh, Dominic (2006-01-04). "Family stand to net $2bn from their online gamble". London: The Times. Retrieved May 22, 2010.
  5. ^ CardPlayer: PokerStars Breaks Through to Italy, Now Fully Licensed There
  6. ^ GamblingSites.com: PokerStars Financials and Net Revenues
  7. ^ CardPlayer: PokerStars Will Keep Serving American Customers
  8. ^ Pokerstrasblog.com: Meet the PokerStars 60 billionth hand winner
  9. ^ List of games offered by PokerStars
  10. ^ Poker Site Scout: Online Poker Traffic Report
  11. ^ Pokerstarsblog.com: Bdbeatslayer wins Sunday Million 5th Anniversary title, $671,093.81 and Lamborghini
  12. ^ List of Team Pokerstars members from PokerStars site
  13. ^ "Friends of PokerStars". PokerStars.com. Retrieved 2009-03-22. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  14. ^ Ben Rooney (April 15, 2011). "Online poker companies indicted for fraud". CNNMoney.com.
  15. ^ Bloomberg.com: Online Poker Companies in Accord With U.S. on Players’ Money

External links